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Fetch.AI / TetherUS

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FETUSDT trade ideas

FETUSDT Bullish Confirmation on 3D Candle with ALMA Indicator. BINANCE:FETUSDT Bullish Confirmation on 3D Candle with ALMA Indicator. 3D Candle closed above the Crossover candle above ALMA Indicator on 12 Feb. Here a Bullish Moment may be observed in next few days, hence providing an opportunity for a Long Trade in FETUSDT. Position:- Long Entry:- 0.6763 TP:- 0.9195 SL:- 0.5551 Candle:- 3 Day Risk:Reward ratio is 1:2. Note:-This is not an Advice or Solicitation or Recommendation. Please do your own research before Trading or Investing in Crypto currencies. Trading in Crypto currencies is Highly Risky and may lead to substantial Losses.
Long
by Trading_Bay
FET/USDT -Key Levels and Potential Price Movements Introduction: In this technical analysis, we'll delve into the FET/USDT trading pair, highlighting critical levels and potential price movements. 1. Range High Deviation: FET/USDT recently witnessed a range high deviation, causing the price to retreat from its peak above 0.2575. This deviation suggests a potential shift in market sentiment, indicating that buyers may be losing their grip on the market. 2. 0.2345 - A Critical Support: The level to keep a close eye on is 0.2345. If FET/USDT breaks below this critical support level, it could confirm a bearish trend. Such a breach might open the door for further downward movement, potentially testing the 0.2100 support area. 3. Supply Zone: 0.2450 - 0.2500 Should the price dip below 0.2345, traders should pay attention to the 0.2450 - 0.2500 range. This zone, previously acting as support, may now turn into a supply area. Market dynamics often see prices tap into these supply zones before falling further, making it a key region to watch for potential reversals or shorting opportunities. Scenario 1 (Bullish): If FET/USDT can maintain support above 0.2345 and starts to show signs of recovery, traders may consider long positions with a target near the recent range high above 0.2575. Remember to set stop-loss levels to manage risk. Scenario 2 (Bearish): In case 0.2345 is decisively breached, it might be a signal for a potential downtrend. Traders could look for shorting opportunities, targeting the 0.2100 support level, but be cautious as the market approaches the 0.2450 - 0.2500 supply zone. Ensure risk management with stop-loss orders. This analysis is for informational purposes only and should not be considered financial advice. Always conduct your research and consult with a financial advisor before making trading decisions.
Short
by Un_trade